The people are angry with their government. Where? Just about everywhere. So what makes ongoing strikes in France so special?… Read More French Popular Uprising: Revolution or Frozen Conflict?
What the New York Fed knows that the majority of Americans do not know, is that five Wall Street investment banks – all of which own federally-insured, taxpayer-backstopped commercial banks – hold insane levels of highly-concentrated derivatives.… Read More These Charts Show Why the Federal Reserve Is Still in a Panic Over the Repo Loan Market
The set-up is just too juicy… Read More I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market
Nothing makes sense in their late stages… Read More Bubbles Are Brutal
The New York Times, meanwhile, won’t even report on the subject… Read More New York Fed Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses Over Next Month
How soon until the consequences of our excesses catch up with us?… Read More Living On Borrowed Time
The biggest banks appear to be backing away from lending to those institutions that are deemed a bad risk or are heavily interconnected to an institution deemed to be a bad risk — even for an overnight loan since the institution could file for intraday bankruptcy… Read More BIS Drops a Bombshell: Four U.S. Mega Banks Are at Center of Repo Loan Crisis
BIS finds euro repo market is functional but more fragmented. Segmentation could impede redistribution of liquidity, it says.… Read More Now Repo Distortions Are Emerging in Europe’s $9 Trillion Market
Banks prefer to keep money at Fed instead of lending to other banks… Read More The Repo Market Is ‘Broken’ and Fed Injections Are Not a Lasting Solution, Market Pros Warn
When it comes to systemic risk, America’s biggest bank is in a league all of its own… Read More It’s Official: JPMorgan Chase Is the Riskiest Big Bank in the U.S.
There’s nothing of substance underlying the current market melt-up… Read More The Phantom Mania
In a very real way, MMT is already here… Read More The Federal Reserve Is Directly Monetizing US Debt